News and Announcements
8i Raises NZD$20m with Hollywood Help
- Published October 15, 2015 11:29AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
15th October 2015, By Holly Ryan, NZ Herald
Movie star Ashton Kutcher and Samsung are among the group of global investors backing a Wellington-founded virtual reality company 8i to the tune of $20 million.
The company, co-founded by Linc Gasking in May last year, has developed a platform that enables users to create, experience and share lifelike 3D video using a virtual reality headset.
It would be using the funding, from venture firms, including Kutcher’s Sound Ventures, RRE Ventures, Founders Fund Science, Horizons Ventures, Samsung Ventures and Dolby Family Ventures, to hire staff and fund growth.
“8i records people in a new, more advanced approach than cinematic 3D, allowing viewers to move around freely and experience an authentic feeling of emotional connection with the person they’re watching,” Gasking said.
To read the full article, please click here.
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